8, ERMINE CLOSE, BOURNE, PE10 9XH - £178,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 ERMINE CLOSE is a very small detached house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £291,124. It was last sold for £178,000 in June 2014, which was around 20% below the average June 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

8 ERMINE CLOSE Sold Prices

Land registry data shows two sales for 8 ERMINE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 8 ERMINE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 27 JUN	£178,000	£222,961	20% below HPI
2014 28 MAR	£137,500	£223,835	39% below HPI

8 ERMINE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 8 ERMINE CLOSE sales from March 2014 and June 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 ERMINE CLOSE be worth now?

8 ERMINE CLOSE might now be worth an estimated £291,124.

This is based on house price inflation of 63.6%, between June 2014 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.6% inflationary increase is applied to the most recent sale price for 8 ERMINE CLOSE of £178,000 on 27th June 2014. For the value to have increased from £178,000 to £291,124 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 8 ERMINE CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2014 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ERMINE CLOSE has not materially changed since June 2014.

How Large is 8 ERMINE CLOSE?

8 ERMINE CLOSE is 53m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bourne, and where 8 ERMINE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 8 ERMINE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bourne.

8 ERMINE CLOSE: Plot and Title Map

8 ERMINE CLOSE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 8 ERMINE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 ERMINE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 ERMINE CLOSE?

8 ERMINE CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 8 on ERMINE CLOSE.